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Investment Brokerages M&A image Investment Brokerages M&A » By The Online Investor Staff, updated Thu., Apr. 18, 7:58 PM Recent mergers and acquisitions in the Investment Brokerages M&A category.

Slide #89. Euronet Worldwide, Inc. Pure Commerce

Acquirer: Euronet Worldwide, Inc. (NASDAQ:EEFT)
Acquiree: Pure Commerce
Details: Euronet Worldwide, Inc. (Nasdaq:EEFT), a leading global electronic payments provider and distributor, today announced the acquisition of Pure Commerce, a fast-growing provider of cloud-based financial and payment solutions to banks, acquirers and global retailers around the world. Pure Commerce is headquartered in Sydney, Australia, and provides a range of currency conversion payment and multi-currency acquiring services for point-of-sale terminals, online applications and ATMs in high foreign card volume locations primarily across Asia Pacific and Europe.

Euronet Worldwide is an electronic payments provider. Co.'s segments are: Electronic Fund Transfer Processing, which provides electronic payment solutions consisting of automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale management solutions, credit, debit and prepaid card outsourcing, and card issuing and merchant acquiring services; epay, which provides distribution and processing of prepaid mobile airtime and other electronic content and payment processing services; and Money Transfer, which provides global consumer-to-consumer money transfer services and global account-to-account money transfer services.

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Company Name:  Euronet Worldwide Inc.
Website:  www.euronetworldwide.com
Sector:  Investment Brokerages
Number of ETFs Holding EEFT:  58
Total Market Value Held by ETFs:  $720.06M
Total Market Capitalization:  $4.65B
% of Market Cap. Held by ETFs:  15.48%
 

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April 18, 2024    7:58 PM Eastern
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Strong Buy (3.50 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

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